Bluewater Acquires IMServ from Schneider Electric

Bluewater, an energy-focused private equity firm, has acquired IMServ — a UK smart metering and energy data management business — from Schneider Electric. IMServ, which employs around 500 staff and manages data for a significant portion of the UK electricity system, will remain led by Managing Director Steve Brown as Bluewater backs the company's growth across data-settlement, smart-meter uptake and international expansion.